The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-02-10
CONDITION OF THE MARKETS.
Decided Decline in Wheat, Caused by the
Unfavorable Foreign Adyices.
Corn and Oats, Also, Decline Sharply, While
Provisions Exhibit Marked Contrast and
Show an Advance in Quotations.
MONEY, BONDS AND STOCKS.

Bhares of All Kinds Show Increased Anima-
tion and Steady Advance Results.
NEW YORK, Feb. 9.-Money on call was easy
at 304 per cent, closing at 3.
Prime mercantile paper, sac per cent.
Sterling Exchange was dull but steady and
unchanged.
The total sales Of stocks to-day were 369,24
shares, including the following: Delaware,
Lackawanna & Western, 1860; Erie, 1885,
Lake Shore. 4,060; Louisville & Nashville
IA, 800; North western, 4.4OO; New Jersey Central
1890; Oregon & Transcontinental, 8, 600; Pacific
Mail. A. .O45; Peoria. Decatur & Evansville. T.,
$40; Reading, 72.140; st. Paul, 43. 165; Union
Pacific, 9,275 Western Union, II, 307; Wabash
Pacific, ALSO.
Government bonds were dull and steady.
State bonds were quiet
The stock market showed more animation on
. more pronounced bull feeling than has been
seen for some time, the principal causes of which
were the semi-oficial announcement Of the ex-
traordinsry good showing of st. Paul for the
year 1886, the coming conference between rep
resentatives of the Pacific Mail and Panama
companies. at whic; it is confidently expected
that propositions favorable to the former will
be accepted and the general belief that the strikes
are nearly at an end, the amicable settlement
with the Reading employees being specially favor
able to that company and the Jersey Central.
Many Of the lower-priced stocks felt the stimu-
lus Of the general good feeling. and Wabash,
Peoria Decatur & Evansville, and Chattanooga,
made material advances, that of the latter being
ascribed to the story circulated Of a coming
stock dividend to represent betterments and ex-
tensions paid for out of earnings. The advance
was slow, but almost continuous throughout the
day, there being actually no important set back,
though final prices not, In all cases. equal to
the best figures. The opening was strong the
advances over last evenings final prices ranging
mp to in Richmond & West Point The trad
ing was free from excitement, and among most
of the general list was dull while Reading, St.
Paul. Pacific Mail and Lackawanna
were conspicuousy active. The en-
tire market, with the exception of
Richmond g. West Point, which shaded off
fraction, was strong throughout the first hour.
Later marked decrease in the amount Of bust
ness done was ACCOMPANIED by slight yielding
In prices, which continued Until we'll into the aft
ernoon. After ! P. NJ, however, the activity and
advances were resumed. There was some hest
tetion in the last hour, but the market closed
fsrong, in many instances at the best figures of
the day Sales. 369, 274 shares.
Railroad bonds were quiet, the only conspicu-
ous activity being In Nickel plate trust re-
ceipts. with sales of 1902 000 and New York City
8 Northern trust receipts, with $4,000 Prices
were strong until the close when they
shaded off slightly; final prices, however, gener-
ally show advances. Closing quotations were: